Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

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Hyundai Motor India - Chennai has been crowned with the "Indian manufacturer of the year award" at the 13th iteration of the 'India Manufacturing Excellence Awards (IMEA) 2016' organised by Frost & Sullivan's.

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

The runner-up position went to Mahindra & Mahindra - Igatpuri. This year the Manufacturing Excellence awards were presented to 27 companies under three major categories.

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

The three important categories are Indian Manufacturer of the Year Award, Future Ready Factory of the Year Award and Gold Awards.

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

The Future Ready Factory of the Year Award in the automobile sector went to Toyota Kirloskar Motor, Bengaluru.

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

The Gold Award in the automotive sector (Mega Large Business) was won by Eicher Motors - Royal Enfield (Oragadam). Runner-up position in this category went to Tata Motors CVBU (Pune).

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

In the Medium Business category the Gold Award was won by Mahindra & Mahindra, Plant 2 of Nashik. Director, Manufacturing & Process Consulting Practice, Frost & Sullivan. Nitin Kalothia said, "Manufacturing is the key driver of economic prosperity and creates more wealth than any other industry."

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

He added, "The current challenges of low demand, increasing raw material, and labor cost require organisations to adopt advanced manufacturing practices to become efficient and remain competitive."

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

He further said, "Adoption of right technologies to take companies to next level of performance, efficiency, and quality will be crucial to sustenance."

Hyundai Motor India Wins Frost & Sullivan's Manufacturer Of The Year Award

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Story first published: Wednesday, December 14, 2016, 13:43 [IST]
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